It is becoming more difficult for first-time homebuyers to purchase a home in San Diego. According to Yahoo News the median price for a house in San Diego is a daunting $500,000, yet we continue to see advertisement of homes starting at the low $300s. Is that price really true or is it just a way to lure prospective buyers to purchase a more expensive home by using bait-and-switch advertising'. Bait-and-Switch advertising is a dishonest sales practice in which home developers advertise a lower price for a home in order to attract home buyers and then inform the prospective home buyer that the advertised item is no longer available and attempt to sell the customer to a more expensive home. Based on my home buying experience, I found this to be a common marketing method used by home developers and real estate agents.

I experienced bait-and-switch advertising during my interaction with Escala, a new home development in Mission Valley, three years ago. When I first saw the area being prepared for home building, I was anxious to find out details about the home such as square footage, plans and most important the starting price to determine if I would be able to afford to buy my first home in this new development. As I was driving home one day I saw the first advertisement from this developer that stated "Escala- your life, your style, your home, starting in the high $200s". I was pre-approved for a home loan of $320,000, so based on their advertisement I would definitely be able to afford to purchase a home in this new development. When the sales office for Escala first opened, I put my name on the waiting list and asked to see the home prices. At the time none of the sales personnel had any information on pricing but they had plenty of information on floorplans, communities, home colors and 3-D computer generated pictures of the homes. The homes were not expected to be built for another year, but the...

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...Work in the realestate industry
CPPDSM4080A
Edition 2
Assignment 2 (TVET)
STUDENT NAME Daniel Skrzypek OTEN NUMBER N855096
Please read the “Guide to completing and submitting assignments” before you begin this assignment.
What you need to do
To successfully complete this assignment you must answer the following questions to demonstrate your knowledge. The assignment will be granted a result of “Competent” if the learning outcomes are achieved or “not yet competent” if not. If a result of “Not Yet Competent” is achieved you will be given the opportunity to resubmit your assignment.
Question 1: Describe the meaning of the term ‘Agency’ and identify the types of agency relationships that a realestate agent may enter into.
Definition of Agency: "Agency" means a fiduciary relationship between a principal and an agent arising out of a brokerage agreement whereby the agent is engaged to do certain acts on behalf of the principal in dealings with a third party. Duties: A licensee who provides services through a brokerage agreement for a seller, landlord, buyer, or tenant is bound by the duties of loyalty, obedience, disclosure, confidentiality, reasonable care, diligence, and accounting.
AGENCY RELATIONSHIPS
A. SELLER AGENCY: A SELLER'S AGENT has the duties, as defined by law, to represent the seller's interest in the sale of the property: this generally means a duty to...

...A Career in RealEstate
In California realestate agents make between $22,430 and $97,320 annually, the average being $52,280 ("RealEstate Sales Agents"). This is a pretty good amount of money considering the average American makes $42,693 a year (“Per Capita Personal Income by State”). Realestate is anything but average, since agents are paid on commission. How you perform and how well you network will determine a lot of things in realestate such as your income. As long as you're actually selling houses and making deals you'll be making money. Some realestate agents such as my parents make well over $100,000 a year.
Jobs where you're paid on commission are much different than jobs where you have a salary. There are many benefits and disadvantages to these kinds of jobs; one off the top of my head would be that you have no boss breathing down your neck every day. The main disadvantage of course would be that if you don't sell realestate you make no money. Although that is only true to a certain extent because there are many different facets of realestate as a career, some of them bringing you passive income.
Now passive income is income that you don't have to work for more or less. The IRS describes it as income “in which you do not...

...
Entreprenurial Investmet in RealEstate? You bet!
RealEstate 101: Building Wealth with RealEstate Investments; by Gary W. Eldred. Copyright in 2006 by Trump University.
. Dr. Eldred, a professor who has faculty positions in top universities, including Stanford, is the bestselling author of several realestate investing books that preach the importance of becoming a knowledgeable investor. Eldred’s latest book, RealEstate 101, is a “How To” on realestate investing for beginners that expands on his theory of being knowledgeable that includes thinking like an entrepreneur.
By thinking like an entrepreneur, the author means becoming a savvy investor by doing the research (due diligence), market forecasting, profit analysis and marketing. The most important thing for Eldred, however, is for the investor to see his realestate not as property but as a product to be marketed and sold.
Thinking like an entrepreneur starts with DUST, a system design by Eldred that stands for: Demand, utility, supply and transfer process. By learning this system you’ll be able to sharpen your entrepreneurial thinking and then turn your property into an MVP (most valued property). In this way, Eldred views rental properties as products that investors create, market and sell to renters...

...Data Collection: RealEstate
Data Collection: RealEstate
The first portion of the study focused on identifying the problem, generating the hypothesis that the house in question requires negotiation, and completing a review of the data set. The premise relies on sale price being dependent on the number of bedrooms and bathrooms, square footage, the existence of a garage and pool, the district the home is located and the distance from the city.
Table 1.1: Variables Affecting Price
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The study will continue by evaluating the data set provided to determine if a 3000 square-foot, six-bedroom house with a garage, pool, 3 baths located 15 miles from the city in district 4 substantiates a $398,900 price tag. The team will review similar research, define the sampling design, compile, and display the data so statistical analysis may follow.
Related Research
Research suggests that external and internal factors both affect the sale price of a home. The National Center for RealEstate Research conducted a study using data from 1996 to 2006 for more than 28,800 residential property sales in and around Philadelphia (Bishop, 2004, p. 1). Hedonic regression served as the backbone for the statistical calculations for the study. Major findings of the study are outlined in Table 1.2.
Table 1.2: Attributes Effect on Sale Price (Bishop, 2004, p. 2)
|Attribute...

...Internship Report On DETERMINING THE CLIENT’S SATISFACTION OF BORAK REALESTATE IN DHAKA
Submitted To:
Mr. Muhammad Intisar Alam Senior Lecturer BRAC Business School BRAC University
Submitted By:
Sanjida Haseen ID: 08204048 BRAC Business School BRAC University
Date of Submission:
18th September, 2012
Letter of Transmittal
18th September, 2012
Mr. Muhammad Intisar Alam Academic Supervisor BRAC Business School BRAC University
Subject: Determining the client satisfaction level of Borak RealEstate in Dhaka.
Dear Sir, It was a great opportunity for me to work at Borak RealEstate as an intern to gather real world experience. I am highly delighted to submit the internship report on determining the client satisfaction of interior designing at Borak RealEstate in Dhaka that assigned by my supervisors. I know client satisfaction is one of the major parts of marketing. That is why I have chosen this topic. The report contains detailed information of Borak RealEstate focusing on the client satisfaction of them. This project was quite interesting and I hope that it will help me in the future as well. I have tried my best to prepare an effective report and hope that my report will give you the idea of how Borak executes its deal with clients. I therefore hope that you will find this Internship report...

...Selection and description of site
APPLICATION FOR REMOVAL OF RESTRICTIONS, SUBDIVISION AND REZONING IN TERMS OF LUPO 15 OF 1985 FOR A PRPOSED SECTIONAL TITLE UNIT DEVELOPMENT ON THE SUBJECT PROPOERTY: ERF 19787, AVONWOOD, GOODWOOD
Owner and acquisition strategy for the site
The subject property is currently vacant and in the ownership of the City of Cape Town. There is a demand for housing within the area, with a 40% to be used as sectional title units and the 60% to be used for single residential. This site was acquired trough expropriation in terms of the Expropriation Act in order to provide the housing that is in demand.
Institutional attributes and possible land uses
In terms of the Western spatial Development Framework, the subject property is located on the corner of Balvenie Avenue and 35th Street, within the Avonwood suburb and is earmarked for High Density Development.
The subject property falls within the Elsies River Zoning Scheme and is zoned Public Open Space.
Access to the site can only be obtained from Balvenie Avenue or Alternatively Cl Adams Street due to the fact that 35th Street is classified as an expressway.
Parameters regarding to the site can be viewed in Elsies River Zoning Scheme which can be found on the City of Cape Town’s website.
Physical nature and land improvements
There are no conditions which prohibits the development of the site. Bulk services are available around the site which makes it easy to tap into.
Eskom calculated...

...candidate for the interview I had to look everywhere and had to ask everyone for an interview, but after getting turned down from a couple agents turns out that my friends realestate agent is one of the best and well know respected person at what he does, his name is Ludyn Tijerino. Mr. Tijerino works for an agency called Approved 4 keys. I was able to get in contact with this person through a favor done from my friend. My overall assessment of this interview is that it turns out that in the realestate business there is more to it than what I had imagine. Many of the questions that I had asked seemed to be answered by the time I got there for interview. Mr. Tijerino Seems to be a real great person at what he does and how he deals with his business, but three very important aspects that seemed pretty relevant about him is that he was very clear about what he said and got the point across thoroughly with effectiveness, second he seems to be a person very well connected and constantly communicating with other professionals, third his he had very good Non-Verbal communications in which he made me not feel nervous around him while conducting the interview.
By the time Mr. Tijerino was 22 when he had lost his job at Big 5 nonetheless times were a little better 10 years ago, so he started working for realestate Brokerage not knowing about the business. But yet he was making...

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RealEstate Principles
Examples of contracts:
Valid contract: A homeowner (who is over the age of 18 and of sound mind) signed a contract with the appliance store to buy a refrigerator. The homeowner pays for the refrigerator and the appliance store presents the refrigerator for the homeowner to take home.
Void contract: Contract that was between an illegal drug dealer and an illegal drug supplier to purchase a specified amount of drugs for a specified amount. Either one of the parties could void the contract since there is no lawful objective and hence missing one of the elements of a valid contract.
Voidable contract: A contract entered into with a minor could be voidable. Reasons that can make a contract voidable include failure by one or both parties to disclose a material fact; a mistake, misrepresentation or fraud; undue influence or duress; one party's legal incapacity to enter a contract; one or more terms that are unconscionable; or a breach of contract.
Unenforceable contract: Bill bought a property from Harry through a written contract for sale. Seven years after the purchase Harry wanted to claim that the contract was unenforceable. The statute of limitations for written contracts in Oregon is six years and Harry would not be able to challenge the contract.
Express contact: Where a landlord presents “A” with a preprinted lease on the apartment that “A” wants and if he agrees to the terms and signs it.
Implied contract: Ordering...